Geely to become an Alternative Energy Automaker by 2020

Gasgoo.com (Shanghai Nov 24)– On the eve of Guangzhou Motor Show, Geely has officially announced its initiative of developing alternative energy vehicles, dubbed “Blue Geely”, representing this Chinese carmaker’s focus shift from conventional vehicles to alternative energy vehicles.

By the year of 2020, Geely expects to see that alternative energy models,including 65% of plug-in hybrid electric vehicles and 35% of pure electric vehicles, will account 90% of its overall vehicles sales. To speed up the implement of its alternative energy initiative, Geely will focus on the development of electric vehicles (EV), plug-in hybrid electric vehicles(PHEV) and hybrid electric vehicles(HEV), with the help of its 3 existing platforms, namely the Framework Extendable Platform(FE) for mid- and high-end pure EV, PE Platform for small pure EV and CMA(Compact Modular Architecture) Platform for mid-class models.

QingfengFeng, Vice President at Zhejiang Geely Holding Co., Ltd. and head of Geely Automobile Research Institute,said “We will debut a pure EV this year, followed by an HEV in 2016 and a PHEV in 2017.Our hybrid powertrain will firstly launchClass-A models while plug-in electric powertrain will launch all models, including sedan, SUV and MPV, starting the year of 2017.”

Today, Geely has already made progress on the research and development of alternative energy products. GeelyEmgrand EV, built on the company’s FE Platform, could offer a driving range of maximal 330 km with overall power consumption below 16 watts per 100 km. By 2018, Emgrand will offer a driving range exceeding 400 km with power consumption below 13 watts per 100 km. Geely will further push the limits of Emgrand, by the year of 2020,Emgrand owners will enjoy a driving range of more than 500 km with power consumption below 13 watts per 100 km. Other small pure EV models, based on the company’s PE Platform, will offer a driving range exceeding 400 km with minimal power consumption below 8 watts per 100km. Besides, Geely’s1.5TD 7DCTH plug-in hybrid powertrain, developed by the company’s European center, will be introduced across Geely product lines. This powertrain will help Geely to further lower its fuel consumption step by step and finally achieve its fuel consumption goal of blow 1.5L per 100km.

In the future, Geely will expand its investments in the fields of research and development, technology, supply chain and company operation. Conghui An, CEO and President at Geely, said “Geely promises to achieve China’s fuel consumption requirement of 5.0L/100km ahead of time, and realize consumers’alternative energy vehicle dream at the price of only a conventional car.”